Largest SupTech Study to Date: 312 Financial Authorities Provide Four-Year View of Supervisory Digital Transformation The Cambridge SupTech Lab at the Cambridge Centre for Alternative Finance (CCAF), University of Cambridge Judge Business School, together with Digital Transformation Solutions (DTS), today released the State of SupTech Report 2025, the fourth annual global review of how financial authorities are modernising supervision through data and technology. The 2025 edition provides the most complete evidence base to date, drawing on four years of longitudinal data from 312 financial authorities and new survey responses from 148 agencies in 105 countries. It documents how supervisors are adapting to an environment defined by AI use in financial services, cloud adoption, expanding digital-asset markets, and increasing expectations of accountability and resilience. Key features of the 2025 report: • A four-year global dataset tracking suptech adoption, effectiveness, and capability gaps across jurisdictions, income groups, and supervisory mandates. • An expanded SupTech Taxonomy, adding three areas that have become central to supervisory practice: (1) oversight of AI use by regulated firms, (2) open banking and open finance supervision, and (3) operational risk and resilience supervision. • New analysis of institutional enablers, including digital-transformation strategies, data governance frameworks, organisational structures, and procurement approaches. • A detailed review of the “data journey”, covering data management, data quality, interoperability, cloud adoption, analytics, and emerging privacy-enhancing technologies. • Case studies from supervisory authorities and market infrastructures in Colombia, India, the Netherlands, the United Kingdom, a major central bank (anonymous), and Nasdaq. • Comparative intelligence on regional and income-group differences in risks, resources, data foundations, and AI readiness. • Integration with GovSpace, enabling authorities to access interactive benchmarks, diagnostic views, and supporting materials through a dedicated State of SupTech Space. The 2025 edition highlights several structural shifts: Suptech adoption continues to expand, with 197 authorities across 140 countries now deploying at least one advanced (2G–4G) application — more than triple the number recorded in 2022. Maturity remains uneven: 60% of surveyed authorities use suptech, but only 19% operate more than ten applications. In advanced economies this rises to 43%, compared with 11% in emerging markets and developing economies. AI use in supervision is growing but cautious. While agencies increasingly use text analytics, predictive modelling, and automated reporting, 59% remain in early or exploratory stages, and only 7% report widespread deployment. Foundational challenges persist. Data quality, skills gaps, legacy infrastructure, and fragmented governance remain the most common obstacles to scaling digital transformation. Supervisory risk perceptions are shifting. Insufficient regulatory frameworks for emerging technologies and cybersecurity threats are now the top global concerns (each cited by 74% of respondents). Authorities are investing in institution-wide capabilities, including internal and external training, strategy development, legacy-system upgrades, and expanded collaboration with peers, multilaterals, and regulated entities. Simone di Castri, CEO & Co-Founder of DTS and Co-Director & Co-Founder of the Cambridge SupTech Lab: “This edition shows how supervisory technology has moved from experimentation to institutional use. The data provide a clear picture of where progress is occurring, where gaps are widening, and what institutional capabilities matter most for effective adoption.” Matt Grasser, CTO & Co-Founder of DTS and Co-Director & Co-Founder of the Cambridge SupTech Lab: “By combining four years of comparable data with the intelligence in GovSpace, this report gives authorities concrete evidence to guide decisions on strategy, data, and architecture. It is intended as a working resource, not just a snapshot.” The report provides benchmarks, diagnostic indicators, and comparative views intended to support strategic planning, capability development, and technology investment. Through GovSpace, participating authorities can explore interactive charts, peer comparisons, case-study libraries, and a Digital Twin environment offering tailored diagnostic insights. About the Report The State of SupTech Report 2025 is produced by the Cambridge SupTech Lab, Cambridge Centre for Alternative Finance, and Digital Transformation Solutions, supported by the Gates Foundation and developed in collaboration with regional and international partners including ASBA, ASSAL, CCSBSO, ADB, and the European University Institute.
